| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1988 |
| Headquarters | Nairobi, Kenya |
| Key people | James Birnie, Chairman Rana Sengupta, Managing Director |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards |
| Revenue | EBITDA:US$1.34 million) (KES:121.6 mil.) (Q2:2011)[1] |
| Total assets | US$100 million (Q2:2011) |
| Website | Homepage |
FidelityBank, whose full name is Fidelity Commercial Bank Limited, is a commercial bank in Kenya. It is one of the forty-four (44) commercial banks licensed by the Central Bank of Kenya, the country's banking regulator.[2]
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The bank is a small, but growing, retail bank, serving mainly the urban areas of Nairobi and Mombasa. As of June 2011[update], FidelityBank had an asset base of about US$100 million (KES:Shs8.98 billion), and shareholders' equity of about US$10 million (KES:888.34 million).[3]
The institution was incorporated in 1988 as African Finance Company. In 1992, the finance company rebranded as Fidelity Finance Limited. In 1996, the institution rebranded again as Fidelity Commercial Bank Limited, having been granted a banking license by the Central Bank of Kenya, the national banking regulator. The bank has plans to list its stock on the Nairobi Stock Exchange, according to its website.[4]
FidelityBank is a privately held institution. The detailed shareholding of the company stock is not publicly known.
James Birnie, one of the non-Executive Directors of the bank, serves as the Chairman of the seven-member Board of Directors. Rana Sengupta is the Managing Director of the bank, since September 2008.[5]
As of October 2010[update], the bank maintains branches at the following locations: [6]
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